Skechers USA boosts fourth-quarter earnings view

MichaelBaron

NEW YORK (MarketWatch) -- Skechers USA Inc.
SKX, -1.20%
Monday lifted its outlook for the fourth quarter to earnings of 28 to 31 cents a share on revenue of between $295 million and $300 million. The Manhattan Beach, Calif., footwear provider previously forecast a profit of 22 to 27 cents a share for the period on revenue of $255 million and $265 million. For the full year, the company now sees earnings of $1.55 to $1.58 a share on revenue of between $1.196 billion and $1.201 billion. Skechers' prior projection for fiscal 2006 was for a profit ranging from $1.49 to $1.54 a share on revenue of $1.156 billion to $1.666 billion. The stock closed Friday at $32.53, down 1.5%.

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